Defense Electronics Market - By Component (Hardware, Software), By Vertical (Navigation, Communication & Display, C4ISR, Electronic Warfare, Radar, Optronics) By Platform (Airborne, Marine, Land, Space), By Region & Global Forecast 2023 – 2032
Published Date: February - 2025 | Publisher: MRA | No of Pages: 240 | Industry: Aerospace | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationDefense Electronics Market - By Component (Hardware, Software), By Vertical (Navigation, Communication & Display, C4ISR, Electronic Warfare, Radar, Optronics) By Platform (Airborne, Marine, Land, Space), By Region & Global Forecast 2023 – 2032
Defense Electronics Market - By Component (Hardware, Software), By Vertical (Navigation, Communication & Display, C4ISR, Electronic Warfare, Radar, Optronics) By Platform (Airborne, Marine, Land, Space), By Region & Global Forecast 2023 – 2032
Defense Electronics Market Size
Defense Electronics Market size valued at USD 230 Billion 2022 and is anticipated to grow at a 5% CAGR between 2023 and 2032.
The increasing reliance on the protection of information & communication technologies reveals the vulnerability of cyber threats. This creates the need for cybersecurity measures and sophisticated electronic systems to protect critical systems and sensitive data.
To get key market trends
Defense electronics refers to the electronic equipment and special systems designed for the country's defense technology. Defense electronics provides powerful electrical equipment, high performance, electrical protection, and the ability to extinguish fire to support the work done and reduce the risk of injuries.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Defense Electronics Market Size in 2022 | USD 230 billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 5% |
| 2032 Value Projection | USD 350 billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 250 |
| Tables, Charts & Figures | 290 |
| Segments covered | Component, Vertical, and Platform |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
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Defense electronics are subject to strict export regulations and international trade restrictions. These regulations are designed to hinder the development of technology and ensure national security. Compliance with export regulations can pose problems for companies operating in the global electronic protection market.
Defense Electronics Market Trends
The growing adoption of integrated defense technologies is likely to augment market growth. Integrated defense technologies encompass the integration of multiple systems & technologies to create comprehensive defense systems. These technologies can include sensors, communications, automation, and cyber defense. Integration enables effective information sharing and communication between defense systems, resulting in situational awareness, better decision-making, and improved defense. Integrated defense technologies can also deliver cost savings and enhance efficiency by reducing costs and improving deployment. The use of collision avoidance technology is expected to increase in the coming years as the need for flexibility and operational protection grows.
Defense Electronics Market Analysis
Learn more about the key segments shaping this market
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The defense electronics market is like a toolbox, and it has two main sectionshardware and software. The hardware part is all the physical stuff, like the computers, sensors, and other gear that help the military build and use their defense systems. This part is expected to grow by 5.5% each year until 2032. One important part of the hardware is called "Electronic Warfare" (EW). EW stuff helps the military protect themselves from enemy attacks by jamming their signals and detecting threats. It includes equipment like jammers, receivers, and systems that monitor electromagnetic radiation. All these hardware components are like the building blocks for advanced defense systems. They help the military see what's going on, talk to each other, find threats, and control their operations. These are essential skills for keeping a country safe.
Furthermore, with the increasing reliance on communications and communication security systems, cybersecurity has become a major concern. The hardware system is propelled by the need for hardware security and strong encryption systems that protect systems from cyber threats and ensure data integrity.
Learn more about the key segments shaping this market
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Based on industry vertical, the navigation, communication & display segment of the defense electronics market expanded at a 6.5% CAGR in 2022. These focuses on systems & technologies for accurate location, navigation, and guidance in defense operations. This section includes various equipment & systems that are designed to provide accurate & reliable navigation in harsh environments. Additionally, unmanned systems including UAVs (Military Drone) and UGVs rely heavily on navigation systems to operate autonomously or remotely. The demand for accurate and robust navigation hardware & software solutions for unmanned platforms will enhance the navigation segment share.
Based on platform, the airborne segment held approximately 35% of the defense electronics market share in 2022. The airborne segment focuses on systems & technologies that are specially designed for use in aircraft and aircraft platforms. It features a variety of electronics and systems essential for on-board operations and mission success. Moreover, avionics systems are essential components of the airborne segment, which includes flight control systems for aircraft control, communications, navigation, and tracking. This includes flight control, cockpit instructions, communications, navigation systems, and surveillance. The demand for advanced avionics is a key driver responsible for airborne segment growth.
Looking for region specific data?
Hey there! Let's talk about the defense electronics market in North America, which is a big deal, accounting for about 40% of the global loot and worth over $95 billion last year. The United States, with the biggest military budget ever (a whopping $715 billion in 2022), is pouring cash into building up its army and making sure it stays on top. This is creating a huge demand for defense electronics, which the US is happy to supply with its powerhouse companies like Northrop Gruman, Raytheon, and Lockheed Corporation. These companies are always on the lookout for the next big thing, constantly investing in new tech that can keep America's defenses top-notch. And as the US continues to spend big on its military, the North American defense electronics market is set to keep on growing.
Defense Electronics Market Share
The major companies operating in the defense electronics market are
- Airbus Defence and Space
- BAE Systems plc
- Bharat Electronics Limited
- Boeing Defense
- Space & Security
- Elbit Systems Ltd.
- General Dynamics Corporation
- Harris Corporation
- Honeywell International Inc.
- Indra Sistemas
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Saab AB
- Thales Group
- Ultra Electronics Holdings plc.
Defense Electronics Industry News
- In April 2022, Australia and the UK signed an agreement to cooperate on powerful weapons and electronic warfare capabilities, following the establishment of the AUKUS defense alliance in September 2021
- In March 2022, BAE Systems launched a new Electronic Warfare (EW) package that provides offensive & defensive EW capabilities to various platforms. The Storm Electronic Warfare Module system can be customized for the U.S. and coalition forces, and can be integrated into fixed-wing aircraft, helicopters, unmanned aerial vehicles, and missiles.
This defense electronics market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2019 to 2032 for the following segments
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By Component
- Hardware
- Software
By Vertical
- Navigation
- Communication & Display
- C4ISR
- Electronic Warfare
- Radar, Optronics
By Platform
- Airborne
- Marine
- Land
- Space
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Russia
- France
- Italy
- Netherlands
- Norway
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- ANZ
- Middle East & Africa
- South Africa
- Saudi Arabia
- Israel
- UAE
- Turkey
- Latin America
- Brazil
- Mexico
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Defense electronics market 3600 synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Component trends
2.5 Vertical trends
2.6 Platform trends
Chapter 3 Defense Electronics Market Insights
3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
3.10.1 Growth drivers
3.10.1.1 Increasing defense expenditure
3.10.1.2 Government support in modernization of military infrastructure
3.10.1.3 Growing demand for unmanned systems
3.10.1.4 Increasing focus on electronic warfare
3.10.1.5 Increasing demand for defense electronics in border security and maritime surveillance
3.10.2 Industry pitfalls & challenges
3.10.2.1 Growing cyberattacks on defense related data
3.10.2.2 Regulatory and export restrictions
3.11 Growth potential analysis
3.12 Porter’s analysis
3.13 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
4.3.1 Raytheon Technologies Corporation
4.3.2 Lockheed Martin Corporation
4.3.3 Northrop Grumman Corporation
4.3.4 BAE Systems plc
4.3.5 Boeing Defense, Space & Security
4.3.6 L3Harris Technologies, Inc.
4.3.7 General Dynamics Corporation
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022
Chapter 5 Defense Electronics Market Estimates and Forecast, By Component (USD Billion)
5.1 Key trends, by component
5.2 Hardware
5.3 Software
Chapter 6 Defense Electronics Market Estimates and Forecast, By Vertical (USD Billion)
6.1 Key trends, by vertical
6.2 Navigation, Communication & Display
6.3 C4ISR
6.4 Radar
6.5 Optronics
Chapter 7 Defense Electronics Market Estimates and Forecast, By Platform (USD Billion)
7.1 Key trends, by platform
7.2 Airborne
7.3 Marine
7.4 Land
7.5 Space
Chapter 8 Defense Electronics Market Estimates and Forecast, By Region (USD Billion)
8.1 Key trends, by region
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 UK
8.3.2 Germany
8.3.3 Russia
8.3.4 France
8.3.5 Italy
8.3.6 Netherlands
8.3.7 Norway
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 South Korea
8.4.5 Taiwan
8.4.6 ANZ
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.6 MEA
8.6.1 South Africa
8.6.2 Saudi Arabia
8.6.3 Israel
8.6.4 UAE
8.6.5 Turkey
Chapter 9 Company Profiles
9.1 Airbus Defence and Space
9.2 BAE Systems plc
9.3 Bharat Electronics Limited
9.4 Boeing Defense, Space & Security
9.5 Elbit Systems Ltd.
9.6 General Dynamics Corporation
9.7 Honeywell International Inc.
9.8 Indra Sistemas
9.9 L3Harris Technologies, Inc.
9.10 Leonardo S.p.A.
9.11 Lockheed Martin Corporation
9.12 Northrop Grumman Corporation
9.13 Raytheon Technologies Corporation
9.14 Saab AB
9.15 Thales Group
9.16 Ultra Electronics Holdings plc.
- Airbus Defence and Space
- BAE Systems plc
- Bharat Electronics Limited
- Boeing Defense
- Space & Security
- Elbit Systems Ltd.
- General Dynamics Corporation
- Harris Corporation
- Honeywell International Inc.
- Indra Sistemas
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Saab AB
- Thales Group
- Ultra Electronics Holdings plc.
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